This Note provides a very simple argument suggesting that the buildup of trade imbalances may be slowing down global output growth. The observed slowdown of global economic growth (since the mid-1970s) may have been a consequence of globalization-driven emergence of large and persistent trade imbalances.
Trade imbalances are undesirable: a Note
Submitted by Staff on February 20, 2017
|Date: February 1, 2017|
|Author(s): Leon Podkaminer|
|Affiliation: The Vienna Institute for International Economic Studies|